Weichai Managed to Maintain Fast Growth in the Overseas Market
2015-07-22 Source：www.chinabuses.org
Summarize：In the next few years, Weichai’s international business will play a key role for the company’s overall growth. The company is determined to realize an annual sale revenue of 500 million USD in three to five years. In the meantime, the company will speed up reform and encourage more excellent people to shoulder more responsibilities.
www.chinabuses.org: In the next few years, Weichai’s international business will play a key role for the company’s overall growth. The company is determined to realize an annual sale revenue of 500 million USD in three to five years. In the meantime, the company will speed up reform and encourage more excellent people to shoulder more responsibilities.
On an economic meeting held by the state council on July 10 this year, Chinese premier Li Keqiang points out that Weichai is a well-known brand in China. During the economic restricting period, Weichai should continue to take its leading role in China’s manufacturing industry. Premier Li expressed his hope for Weichai. Tan also showed the company’s determination to strengthen its overseas business and maintain its top position in the heavy industry in Shandong.
Weichai Managed to Maintain Fast Growth in Export in the First Half of 2015
On July 17 to 20, 2015, Weichai held a conference to review its overall business performance in the first half of this year. Tan Xuguang, President of the company attended the meeting. After carefully listening to those persons-in-charge of the company’s export & import department and its overseas branches, Tan pointed out that Weichai had so far already established a well-structured business network internationally. He also expressed his hope that the related overseas department would continue to make great efforts to help transform the company’s development mode and explore new business models so as to push forward the robust growth of the whole company and maintain the company’s leading position in the heavy industry in Shandong Province.
In the first half of this year, despite the heavy downward pressure from the global economy, Weichai managed to maintain fast growth in the overseas market. Still, due to various factors, its overseas market delivered varied and unbalanced performances, which had a dampening effect on Weichai’s overall growth in the overseas market.
In response to the problems and challenges in the first half of this year, Tan Xuguang requires a closer coordination and more frequent communications among the company’s production, supply and sales departments and regular meetings among these departments must be held to collectively solve common problems. He also stressed that all-out efforts and every possible measure must be taken to ensure the smooth and continued fast growth of the company’s overseas business.
After listening to reports of company’s business performance in every regional market, Tan made pertinent remarks and provided his suggestions for the company’s future business expansion in the overseas market.
After two years’ restructuring, Weichai’s overseas business has made significant growth. So far, the company has already set up a well-organized international business network. Its imports and exports have both realized robust growth. In the meantime, it has made some M&A deals or set up its own companies abroad. All these have greatly strengthened Weichai’s overseas presence. In terms of the import & export mode, the company has managed to realize new transformations. For example, it has made new breakthroughs in India, Egypt, and Myanmar. The production localization + technology authorization mode has upgraded the company’s export mode from processing + trade to technology export. What’s more encouraging, Weichai has been recruiting talents internationally so as to inject more new blood to strengthen its overall competiveness.
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